What is the correct expression for marginal utility?
A)TU/price.
B)$\Delta$TU/price.
C)$\Delta$TU/$\Delta$quantity.
D)TU/quantity.

Name: What is the correct expression for marginal utility? A)TU/price. B)$\Delta$TU/price. C)$\Delta$TU/$\Delta$quantity. D)TU/quantity.
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Question

Quizplus · Accepted Answer

Marginal utility is defined as the change in total utility (TU) from consuming one additional unit of a good or service, thus it is correctly expressed as the change in total utility divided by the change in quantity.

What Is the Correct Expression for Marginal Utility? A)TU/price Δ\DeltaΔ TU/price C)

What Is the Correct Expression for Marginal Utility?
A)TU/price $\Delta$ TU/price
C)